Binance Coin / Dollar may fall to 556.7 - 562.3

583.0 is our pivot point.

Our preference

The downside prevails as long as 583 is resistance.

Alternative scenario

Above 583, look for 592.5 and 598.1.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 578.8 and 575.6).

Supports and resistances

598.1 **

592.5 *

583.0 **

579.3

574.8 last

562.3

556.7 **

551.1 *

545.5 **

Number of asterisks represents the strength of support and resistance levels.